$SOL at this position is very likely to change trend tomorrow; whether it forms a head and shoulders top or a double bottom support depends on this move. Iran has been collecting tolls at the Strait of Hormuz, up to two million dollars per ship. Taking the detour equals 15,000 trucks, and as oil transport costs rise, the inflation pressure tightens again. I won’t set a stop loss for now; last time I got swept out and then came back, so this time I’ll just lie low. Saving this judgment for record, will verify tomorrow.

The Nasdaq has hit a new high, but the real test will be the September earnings reports. In past bull and bear cycles, the index rallies first, then if the big tech earnings can't hold, it falls; if they hold, it rallies again. The problem now is that people are afraid of stop-losses being triggered, so I actually don't dare to set them. If you have a different opinion, please share your reasons.

The US is once again messing with energy policy, shouting about green transition while shutting down stable power sources, and now they realize their opponents are holding the gas supply. One sentence for the market on this: fluctuations in traditional energy will only get bigger, don't expect short-term calm. For additional comments, see the comment section.

Trump laid out two paths for Iran at the United Nations: negotiate and rebuild; don't negotiate and face destructive escalation. He also dropped a harsh remark, asking if they want to push them into a dead end. Then he said the agreement would be reached "right after the election." This sounds like pressure, but also like leaving himself a way out. Maybe I'm wrong, waiting to be proven wrong.

865U rolled up to 860,000U, +7286%, this kind of information gap is like a money printing machine. But don’t just watch others feast; when liquidity is thinnest at midnight, a single move can make all the contract longs kneel. No matter how high the capital efficiency of lending protocols is, they can’t withstand a chain liquidation. When was the last time you hit 100x? And where do you set your stop loss?

The White House's new fuel regulations are basically a disguised tax increase; the extra money paid for each new car ultimately comes out of ordinary people's pockets. Now some want to scrap it, saying it can save $1300, which sounds pretty good. What about you?

Rubio's words are equivalent to putting NATO on the negotiating table: if the bases can't be used, then reprice them. Founded in 1949, Article 5 has only been invoked once; digging up this ledger is essentially making a price demand. European defense stocks should weigh this carefully, don't ask why. See the comments section for additional remarks.

The biggest problem with L2 in recent years isn't the technology itself, but the lack of users. There are plenty of rollups, plenty of zk solutions, and bridges back and forth that reduce fees, but how many are actually used regularly? Unlimited growth is just reckless; eventually, volume has to catch up. When comparing scaling solutions, in the end, it's about who can bring in real demand. How about on your side?

Japan just flipped the global bond market table. This is not just an emotional statement, but a pricing signal from the bond market: the US 10-year Treasury yield surged to 5.23%, and the 30-year hit 5.54%, levels not seen in about twenty years; Japan's 10-year government bond yield also reached a 30-year high. Long-term yields are the anchor for global asset pricing; when the anchor rises, the discount rates in valuation models go up, naturally pressing down risk assets like stocks, real estate, and high-yield bonds. In other words, with risk-free yields above 5%, why would capital still chase high-volatility assets? This is the recalculation global capital is making. Asia took the first hit today: the Nikkei fell 0.7%, South Korea's KOSPI dropped 2.7%, and Shanghai closed down 1.7%. The Korean market is more sensitive to global interest rates and tech stock valuations, showing the most pronounced decline; although the A-shares and Japanese stocks fell by different margins, the direction is consistent—yields pushing higher, risk appetite shrinking. This is not an isolated negative for any single market, but a chain reaction among bonds, exchange rates, and stocks under the same logic: when US long-term yields rise, global financing costs increase, foreign capital risk exposure contracts, high-valuation sectors get sold off first, and indices are dragged down by heavyweight stocks. At times like this, don’t rush to bottom-fish; first check if the trading volume supports it. Rebounds without volume are fake. Prices can bounce back after a drop, but if the intraday chart shows volume rising and then falling off at the close, it means no new money is coming in—just short covering or short-term traders rushing out, which often leads to a spike and then a fall. On the night of the nonfarm payrolls, volatility expanded several times because volume and price exploded together: data came out, direction was clear, and both volume and volatility surged—this is true volatility with capital participation. Conversely, low-volume rebounds are more like smoke screens—looking lively but actually unsustainable. So keep this judgment on file: as long as long-term yields don’t cool down, risk assets will struggle to stabilize; a bottoming signal is not "falling a lot," but "volume-driven stop of decline, followed by volume confirmation." We’ll verify this tomorrow. How’s your account doing today on your side?

Costco prices its rotisserie chicken at $4.99 not because the chicken itself is cheap, but because the entire supply chain absorbs the fluctuations for them. By controlling everything from feed and farming to processing, they can offset upstream price increases. But offsetting doesn't mean disappearing; profits are kept thin as they should be. This business has never been an easy way to make money. If you have a different opinion, share your reasons.